Seeking Alpha
2022-02-14 12:00:56

Ambassador Bridge reopens with auto industry losses estimated at $850M

North America's busiest trade link is open for business once again after Canadian police ended a six-day blockade spurred by the "Freedom Convoy" protests. The Ambassador Bridge connects downtown Detroit with Windsor, Ontario, and is responsible for 30% of $600B in annual two-way trade between the U.S. and Canada. All lanes were open for traffic as of 11 p.m. ET, and while normal border processing has resumed, Canada's Border Services Agency advised against non-essential travel. Snapshot: Police stepped up their presence on Sunday with more than 50 cruisers, buses and armored trucks, making arrests and towing vehicles to clear access to the bridge. A Canadian judge had earlier granted police permission to forcibly remove protesters following a petition from the City of Windsor and auto industry representatives. High-level consultations also took place, with President Biden meeting with Prime Minister Trudeau via video teleconference on Friday. Carmakers like Ford (NYSE:F), General

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